Do you play the stock market

m3_07 · 20th February 2008, 09:53

i use icicdirect. many of you might laugh saying that the brokerage is a premium. However, though paying a tad higher, I haven't observed any discrepancies.

I have heard stories where people with RM, sharekhan, indiabulls, do not receive their IPO refunds. Yet to come accross a soul, who says that he has a problem in refunds with icici.

LLL · 20th February 2008, 10:23

Quote:

Originally Posted by m3_07

I have heard stories where people with RM, sharekhan, indiabulls, do not receive their IPO refunds. Yet to come accross a soul, who says that he has a problem in refunds with icici.

Actually refunds are not dependent on trading platform, they are dependent on Lead manager e.g. karvy

Also, lot of folks reported not being able to use ICICI on 21-Jan when markets fell badly.

ntomer · 20th February 2008, 11:29

What is happening to Jaiprakash Associates? It is in a free fall!!!

I am holding 300 shares of it, and the temptation to book losses and get out of it is too much.

\N

Edit: Now it has gone to sub-250 levels and is currently trading at 248. God, I am screwed :-(

LLL · 20th February 2008, 12:11

Quote:

Originally Posted by ntomer

What is happening to Jaiprakash Associates? It is in a free fall!!!

I am holding 300 shares of it, and the temptation to book losses and get out of it is too much.

\N

Edit: Now it has gone to sub-250 levels and is currently trading at 248. God, I am screwed :-(

It is at its lowest point now for last 6 months...anyone has a clue whats happening to it? Just a few days back, everyone was advising it as a 'buy'.

SumitB · 20th February 2008, 12:17

Quote:

Originally Posted by LLL

It is at its lowest point now for last 6 months...anyone has a clue whats happening to it? Just a few days back, everyone was advising it as a 'buy'.

Guys my 2 cents on the threads. Don't use it as a thread to recommend and advice on which shares to pick up. You need to invest in the market based on fundamentals and not on tips.

Don't buy or sell your shares because x, y, z did so or told you so. For people who are new to the market, the best way to invest is through mutual funds.

The share market can make or break you if you are not careful.

tsk1979 · 20th February 2008, 12:24

It just ran out of steam. Whenever you get a recommendation, don't buy blindly, do your research. Try finding "when to enter" and "when to exit".
there is no free lunch. I learnt it the hard way.
If those analysts were so good, why do they need to setup complex websites. They can just trade in market and make money off their own recommendations, right.
Analysts recommendation should be treated as information.
For example when an Analysts say
' Drugs Pharma as acquired a tax free poppy plantation in Afganistan, and will handle south asia operations of major underworld family' don't take it as a recommendation to buy drug pharma.
Just take it as information.
This means that drug pharma is sitting on potential gold mine, but there are other factors like police action and military action etc.,

For example some time back a well known analyst made a recommendation of buy on a company which had got a major order from a European firm.
What he conveniently forgot to mention is that the European firm was in dying gasp, and most probably won't be able to pay up.

LLL · 20th February 2008, 12:35

Quote:

Originally Posted by SumitB

Guys my 2 cents on the threads. Don't use it as a thread to recommend and advice on which shares to pick up. You need to invest in the market based on fundamentals and not on tips.

Purpose of the thread is to share information. No one will invest his money just because someone in this forum said so. Since small investors do not have the resources to check on the company, they go by what experts tell them. Hence the query as to what is happening to JP Associates.

When we talk of fundas...doesnt seem to work in India.
e.g. Ambuja cements - Share price is 115 when EPS is 12.95
JaiPrakash - Share price is 249 when EPS is 3.79. Shouldnt the share price be less than that of ambuja cements?

tsk1979 · 20th February 2008, 12:38

Quote:

Originally Posted by LLL

Purpose of the thread is to share information. No one will invest his money just because someone in this forum said so. Since small investors do not have the resources to check on the company, they go by what experts tell them. Hence the query as to what is happening to JP Associates.

When we talk of fundas...doesnt seem to work in India.
e.g. Ambuja cements - Share price is 115 when EPS is 12.95
JaiPrakash - Share price is 249 when EPS is 3.79. Shouldnt the share price be less than that of ambuja cements?

Sorry, I disagree on resource part. Google.com is a huge resource.
When markets are on an upward spiral(10-20000 burst) you "will" make money, mostly.
Its in volatile times that things get tough
If you are not willing to research yourself, enter market when it enters an extended bull run, stay away in these times.

SumitB · 20th February 2008, 12:55

Quote:

Originally Posted by LLL

Hence the query as to what is happening to JP Associates.

My observation on the matter was not aimed at the query on J P Associates in particular. I made that post as a general post after going through the whole thread. It started by the original poster asking "who invest in the stock market" on the forum and ended up by people giving tips on which stock to pick up or sell.

I am sorry if you misunderstood me.

BomBatt · 20th February 2008, 21:03

JP Associates is one my favorite scrip. I hold 100. But I bought it long back. Actually JP associates is into Cement, power, infrastructure, and real estates with Taj express highway being a prestigeous project.

All the analysts who recommended the stock, valued it on so called sum of part valuation. The idea is that when the company lists its power business separately (just like Reliance Energy did with Reliance power), true value will be unlocked.

But Reliance power bombed, hence now 'unlocking of value' will not happen in the near future. Also, lot of mutual funds have invested heavily into this scrip and now many of them are trimming their position.

If one is a bit patient and can wait for some time, things may change for better.

LLL · 21st February 2008, 00:47

Seems portion reserved for REC IPO for retail investors remains under-subscribed. No bids from mutual funds.

REC IPO subscribed 2.73 times- IPOs-Markets-The Economic Times

LLL · 21st February 2008, 09:56

markets up today as US markets went up yesterday....good day to sell...

vivekiny2k · 21st February 2008, 20:49

Quote:

Originally Posted by LLL

markets up today as US markets went up yesterday....good day to sell...

DAY TRAITOR...oops Trader.

no offence, but this is the reason our markets have become so volatile nowadays. too many investors jumping in and out at slightest change of winds.

i guess the best business to be in is brokering. cheers:

tsk1979 · 21st February 2008, 21:25

Quote:

Originally Posted by vivekiny2k

DAY TRAITOR...oops Trader.

no offence, but this is the reason our markets have become so volatile nowadays. too many investors jumping in and out at slightest change of winds.

i guess the best business to be in is brokering. cheers:

A few days back I bought a sold Bharti Airtel shares on the same day. 4 times buy and 4 times sell.
The share was fluctuating between 850 and 880.
I used to buy and then sell after 40-50 minutes. Small amounts like 30 shares

BUSA · 24th February 2008, 17:57

REPL Bonus announched. 3 shares on every 5 shares.

View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs.	419	31.62%
26 - 50% -- I have a few stocks.	591	44.60%
51 - 75% -- I'm an active trader.	217	16.38%
76 - 100% -- Hey, I'm an i-banker!!!	98	7.40%
Voters: 1325. You may not vote on this poll

20th February 2008, 09:53	#511
m3_07 BHPian Join Date: Oct 2007 Location: Bangalore Posts: 275 Thanked: 203 Times	i use icicdirect. many of you might laugh saying that the brokerage is a premium. However, though paying a tad higher, I haven't observed any discrepancies. I have heard stories where people with RM, sharekhan, indiabulls, do not receive their IPO refunds. Yet to come accross a soul, who says that he has a problem in refunds with icici.
	() Thanks

20th February 2008, 11:29	#513
ntomer BHPian Join Date: Jun 2005 Location: Vancouver Posts: 647 Thanked: 144 Times	What is happening to Jaiprakash Associates? It is in a free fall!!! I am holding 300 shares of it, and the temptation to book losses and get out of it is too much. \N Edit: Now it has gone to sub-250 levels and is currently trading at 248. God, I am screwed :-( Last edited by ntomer : 20th February 2008 at 11:48.
	() Thanks

20th February 2008, 12:24	#516
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,695 Thanked: 23,484 Times View My Garage	It just ran out of steam. Whenever you get a recommendation, don't buy blindly, do your research. Try finding "when to enter" and "when to exit". there is no free lunch. I learnt it the hard way. If those analysts were so good, why do they need to setup complex websites. They can just trade in market and make money off their own recommendations, right. Analysts recommendation should be treated as information. For example when an Analysts say ' Drugs Pharma as acquired a tax free poppy plantation in Afganistan, and will handle south asia operations of major underworld family' don't take it as a recommendation to buy drug pharma. Just take it as information. This means that drug pharma is sitting on potential gold mine, but there are other factors like police action and military action etc., For example some time back a well known analyst made a recommendation of buy on a company which had got a major order from a European firm. What he conveniently forgot to mention is that the European firm was in dying gasp, and most probably won't be able to pay up.
	() Thanks

20th February 2008, 21:03	#520
BomBatt BHPian Join Date: Aug 2007 Location: Bangalore Posts: 209 Thanked: 37 Times	JP Associates is one my favorite scrip. I hold 100. But I bought it long back. Actually JP associates is into Cement, power, infrastructure, and real estates with Taj express highway being a prestigeous project. All the analysts who recommended the stock, valued it on so called sum of part valuation. The idea is that when the company lists its power business separately (just like Reliance Energy did with Reliance power), true value will be unlocked. But Reliance power bombed, hence now 'unlocking of value' will not happen in the near future. Also, lot of mutual funds have invested heavily into this scrip and now many of them are trimming their position. If one is a bit patient and can wait for some time, things may change for better.
	() Thanks

21st February 2008, 00:47	#521
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 636 Thanked: 2 Times	Seems portion reserved for REC IPO for retail investors remains under-subscribed. No bids from mutual funds. REC IPO subscribed 2.73 times- IPOs-Markets-The Economic Times
	() Thanks

21st February 2008, 09:56	#522
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 636 Thanked: 2 Times	markets up today as US markets went up yesterday....good day to sell...
	() Thanks

24th February 2008, 17:57	#525
BUSA Senior - BHPian Join Date: Aug 2005 Location: Bombay Posts: 5,127 Thanked: 23 Times View My Garage	REPL Bonus announched. 3 shares on every 5 shares.
	() Thanks